Common use of Effect of Cure Clause in Contracts

Effect of Cure. Upon the timely and proper cure of a default by such Leasehold Mortgagee or New Operator, as the case may be, in accordance with the Lease Agreement, the Lease Agreement shall continue in full force and effect as if no default(s) had occurred. Leasehold Mortgagee’s exercise of Mortgagee’s Cure Rights shall not be deemed an assumption of the Lease Agreement in whole or in part.

Effect of Cure. Upon the timely and proper cure of a default by such Leasehold Mortgagee or New Operator, as the case may be, in accordance with the Lease this Agreement, the Lease this Agreement shall continue in full force and effect as if no default(s) had occurred. Leasehold Mortgagee’s 's exercise of Mortgagee’s 's Cure Rights shall not be deemed an assumption of the Lease this Agreement in whole or in part.